It takes nerves of steel and determination to accomplish the goals you set for yourself when you choose to play in the day trading pond. Doron Rosianu is a risk-taker. He is not only a day trader but also a teacher for those who want to take on the same challenge. He makes no claims of instant glory. He teaches day trading techniques to empower students to make intelligent decisions based on knowledge and information to take the best calculated risks. The market is a challenge at best, at worse it is a dish served cold.
Doron began his career in trading in the late nineties during the time of the internet bubble. He learned that no matter what he traded, as long as it was an internet based company, he won. He was fortunate enough to get out of the market right as the bubble burst. That is when he purchased Morphosis, a biotech company.
He invested all he had earned in Morphosis stock in a buy and hold position. Then, one day he was watching CNBC one morning and they were discussing how Morphosis was being sued by another biotech company. Their stock was plummeting. He immediately called his bank to verify that it was the same company whose stocks he had purchased. Much to his dismay, it was the same company. He had lost a little over one hundred thousand dollars on this single trade, in addition to the commission owed to his broker. This was a very expensive lesson learned.
Doron had learned his lesson and changed his perspective on how he would trade in the future. He became devoted to educating himself on day-trading rather than taking a buy-and-hold position. The buy-and-hold method is a system of purchasing a stock for the long run. Day trading is where you buy into a commodity and sell it again in the same day. Day trading is Doron’s specialty and it is what he teaches through his education platform – Pitbull Trader.
How did you get started with Pitbull Trader? What inspired you to do so?
I became inspired when I met a commodities trader, he explained the process of short selling to me. Short selling is interesting because it allows a person to make money on a commodity that is dropping in price, rather than going up. My assumption had been that you could only make money by going long, which is when the stock goes up. This trader educated me on how to average down. I learned many new ways of addressing the futures and the commodities markets. I immediately felt that this was something that I could make money on. That is what got me started in the business as the Pitbull Trader.
How does your business make money?
One way that I make money for my business is by trading my own account. I also offer an intensive course on the ways I found success as a trader. It is a comprehensive course which includes one on one training along with software and trading techniques.
How long did it take for your business to become profitable?
It took over ten years before I could withdraw money from my trading account. It is extremely difficult to be able to pull money out of the market. That is when I truly figured out that having a favorable risk-to-reward and high probability trade setups are key. This is a proven technique that I have been using ever since. This technique allowed my business Pitbull Trader to become successful and profitable.
When you first started out did you ever doubt that this would work for you? If so, how did you handle it?
Every time you lose five or ten thousand from your account, it is normal to question your ability. However, there is always a little voice in your head pushing you forward. Some of the smartest people in the world cannot figure this out. There is a certain mindset required to play in the futures market. This market shows no mercy. I handle my doubts by remaining positive and continuing to follow my setups to a “T”.
How did you find your first Pitbull Trader customer?
I found my first customer by creating a test run on eBay about the course I was offering. I wanted to know if people would be able to grasp the information. I used the knowledge from this test run to clarify the information in my program. I also learned that people want one-on-one training. PDF information is not enough. After I did all of the research, I got my first customer by posting my trading videos on YouTube.
What is one marketing strategy other than referrals that you use to generate new business?
In my opinion, the best strategy to generate new business is by word of mouth and posting students charts. As people make money they pass on the word. I do not have any need to advertise.
What is the toughest decision that you have had to make in the past few months?
I make tough decisions while trading everyday. It has been business as usual. I have not gone through any difficulties. Everything has been running very well.
What do you think makes you successful?
I think what makes me successful is that I have nerves of steel. I could teach ten people my course and ten people will be successful. Another time, I can teach ten people and there could only be one successful person. This is a nerve-racking business. It is not for everyone.
What has been your most satisfying moment since initiating Pitbull Trader?
Since opening my own business, my most satisfying moment has been when my students begin sending me their charts and they are so similar to mine. They send me nice notes saying “Hey, I can really do this!” “You’ve changed my life”. It is a very satisfying feeling. People constantly ask me why I bother to sell my course if I am so successful with trading. I do it for the satisfaction of transforming a person who knows nothing at all about trading and being able to train them to find their own success. I sleep well at night knowing that I changed people’s lives.
What does the future hold for your business? What are you most excited about?
It will be business as usual. I am a one-man operation. I am excited to continue to train more students. The more people I am able to help, the more satisfying it is.
What business books have inspired you?
I am very inspired by “The Wealthy Barber” by Dave Chilton
What is a recent purchase that you have made for your business?
I purchased a new computer for my business this year. I think it is important to keep updated on new technology.
What is the one question most asked for individuals interested in taking your course?
The most common question that I am asked by individuals interested in taking my course is if my software will detect “tops” and “bottoms”. The answer to this question is absolutely not! There is no such thing as the holy grail of software or indicators. There is a myth that there is a software that will predict the future. It is impossible for anyone to predict the future. What we do in the Pitbull Trader course is educate ourselves. We gather as much information as we can and put the odds in our favour. We only go for the crumbs, not for the big moves. Big moves happen but you do not know about them ahead of time. It is important to think intelligently and make decisions for yourself based on your own knowledge.